Jan 8, 2025 · eCapital announced its acquisition of LSQ Group LLC and its subsidiaries, a recognized leader in working capital finance and payment services. This acquisition reflects eCapital’s commitment to advancing innovation and expanding its ability to provide advanced, customized funding to clients as it continues to execute its growth strategy.

Jan 10, 2025 · CIBC US announced the promotions of Ron Kerdasha, Ramsey Naber and Susan Lanz within its Asset-based Lending (ABL) team. These promotions recognize their significant contributions and leadership abilities, reinforcing the bank’s commitment to helping clients reach ambitious possibilities.Kerdasha, who has over 35 years of ABL industry experience...

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Jan 7, 2025 · Mesirow, an independent, employee-owned financial services firm, has acquired Bastion Management, an asset-backed specialty finance lender.The acquisition closed on December 31, 2024. Founded in 2013 and based in Stamford, CT, Bastion is a private credit manager that focuses on the asset-backed specialty finance space, lending to the lower middle market across sectors and geographies and ...

Nov 7, 2024 · Asset Based Lending Deal: The credit facility is secured by accounts receivable and inventory and will refinance the Company’s existing credit facilities and provide additional liquidity to support ongoing working capital and letter of credit needs.

Dec 9, 2024 · Eldridge Industries is launching Eldridge, an asset management and insurance holding company with approximately $74 billion in assets under management. And Eldridge will be wholly owned by Eldridge Industries and consist of two divisions: Eldridge Capital Management and Eldridge Wealth Solutions.Eldridge Capital Management will be focusing on four...

Dec 23, 2024 · The Container Store Group, the nation’s leading retailer of organizing solutions, custom spaces, and in-home services, announced it will implement a recapitalization transaction to bolster its financial position, fuel growth initiatives, and drive enhanced long-term profitability. To effectuate the transaction, The Container Store and certain of...

Oct 24, 2024 · National Funding and its recently launched holding company FairSquare, announced a bank line of credit commitment for $83.25 million from Forbright Bank (with a total expansion capacity of up to $150 million). The Forbright Bank credit facility includes $9 million in mezzanine capital from Hudson Cove Capital Management, LLC and sets up the fintech to meet its growth targets for 2025 and beyond.

Mar 4, 2024 · Solifi announced the release of the 2024 Global Leasing Report. This coveted digital publication details the trends, economic projections and insights into the top 50 leasing markets worldwide. This is the 18th edition that Solifi has partnered with the World Leasing Yearbook to distribute the report, which is available for download free of...

Nov 1, 2024 · Revlon Group Holdings provided additional details around the benefits of its recently upsized and enhanced credit facility. As previously announced on September 30th, Revlon Intermediate Holdings III LLC and certain of its subsidiaries entered into a five-year senior secured asset-based credit agreement with MUFG Bank, as …